Dec 11, 2012 11:00pm PST
of the year. 2012 is an important year for north korea. they want to commemorate the birth of kim jong-un and the death of kim jong-il. as far as they are concerned they say it was a success but we have to wait for confirmation. >> we had less than success for them in april when their similar launch actually broke apart. many said that was rather embarrassing for the administration in north korea. but this is pretty soon after that to have a successful launch. is there some concern there is another country out there helping north korea to get this technology to work? >> certainly there is that concern and there have been many reports and plenty of speculation about who might be helping north cia korea in their technology. of course it is almost impossible to get information out of north korea. it is an incredibly isolated, closed regime. the information officially we get from that country is through its state-run media. so nothing gets out of north korea unless it is choreographed through k cna, the state-run news agency and the state-run television and it is highly choreographed and m
Dec 12, 2012 1:00pm PST
young leader kim jong-un domestically. >> absolutely. they have been trying since 1998 to launch a long-range missile and they failed in the previous four attempts. they succeeded in this. it's not a rocket that can deliver a major warhead. there are marriajor hurdles to >> they have done in north korea where a lot of people are starving what south korea has been unable to do. >> by choice, actually. >> they haven't launched a satellite into orbit. >> south korea has not. this will undoubtedly spur competition with south korea. you'll see that. you'll probably see south korea respond with more batteries and japan will probably already do that. you have heard that we need to spend more. we spend $10 million a year already on a missile system. it has international ramifications that are going to destabilize. this is why the security council is condemning the move. >> so how much of a real threat to the united states, whether hawaii or the west coast, is this? >> we are not threatened any more today than we were yesterday. let me give you one example. iran put a satellite in orbit in 2009.
Dec 5, 2012 8:00pm PST
after his death, kim jong-il looms large over north korea north korea. largely because officials have worked so hard to perpetuate his image. this year aleen north korean authorities erected at least eight statues of the former leader around the country, including one that stands 75 feet tall. they inscribed his name on more than 3,000, quote/unquote, towers of eternal life at crossroads around the country and have plans to renovate the palace where his body lies in state. this is expensive. this is a breakdown of the costs. the statues cost $60 million. inscriptions, $25 million. portraits of kim jong-il, $20 million. that's more than $100 million on memorials in just a year. and it's money north korea north korea doesn't have. how is the country paying for it? well, north koreans have asked to kick in $150 each to pay for the memorials. they don't have the money. and north korea north korea is going to borrow some of it from countries like russia at rates as high as 40%. that's a lot of money for any country, especially one like north korea north korea. a u.n. report estimates two-t
Dec 7, 2012 1:00pm PST
are three scenarios that i potentially see. one, the new leader, kim jong-un wants to send a message domestically that he presides over a powerful military and space operation. secondly, that that space launch failed and this one will not. another reason might be the presidential elections in south korea, which are december 19th. maybe they want to influence or disrupt them. the third is the traditional north korea action to get attention. here we are. we've been out of the headlines, middle east, gaza, rockets there, we're back. and this is what we're capable of doing. those are the three potential reasons that i see. one most likely being kim jun jung-il. he wants to show his people that he governs a powerful nation that wants to show it's nation. >> he is approaching, as chris said, the first anniversary of his rule. how should the international community react when this launch takes place, assuming it's successful. >> i would say the launch will happen. obviously, it's a test of missile technology. the international community, the security council, will invoke more sanctions, the